Monday 22 July 2013

China Copper Concentrate Imports Rise In June

Copper.....
China reported a sharp rise in Copper concentrate imports for the month of June. Even on a half yearly basis, imports showed a sharp upswing. The data released from General Administration of Customs showed that China Copper concentrate imports were 673518 tonnes, up 40.23 percent in June, compared to same period last year. The total imports in the month of January-June 2013, was 4463111, up 32 percent.
On LME, benchmark prices were trading at $ 6981 per tonne, shy away from resistance of $ 7000 per tonne. MCX Copper August expiry was trading at Rs 416.6 per kg, up 0.5 percent.
Source by Commodity Insights

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